Tuesday, April 10, 2012

Reuters: Market News: Danaher to buy X-Rite for $467.8 mln

Reuters: Market News
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Danaher to buy X-Rite for $467.8 mln
Apr 10th 2012, 12:15

April 10 | Tue Apr 10, 2012 8:15am EDT

April 10 (Reuters) - Industrial and healthcare conglomerate Danaher Corp said it will buy X-Rite Inc, which makes colour measurement systems and colour standards, for $467.8 million.

Danaher's offer values X-Rite at $5.55 a share, a 39 premium to the stock's last closing price. The total enterprise value of the deal is about $625 million.

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